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Property profile & analytics
OFF-MARKET
Estimated value
$53,250,000
Grocery and convenience stores
7518 Thunderbird Rd Peoria, AZ 85381-6079
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-3289832
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
CONCRETE
Total area
54,398 SF
Lot
9.65 ac (420,157 SF)
Zoning code
C-2
APN
200-62-973
UPID
US07-3289832
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
China Grill Restaurant
-
Jet's Pizza Take-out & Catering Catering Service
-
Discount Tire Repair Parts General Contractor
-
Fast Auto Loans, Inc. Loan Service
-
Discount Garage Doo'r Repair Spring & Opener Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$53.25M
Blend (final)
Blend
$53.25M
Owner & transaction history
Deerwood Retail Opportunities Az Ll · 9 yrs held
Deerwood Retail Opportunities Az Ll
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Intermediate Commercial District (C-2). The C-2 District is intended to provide a shopping center for the sale of convenience goods and personal services. In order to prevent the establishment of undesirable "strip" commercial development, it is intended that each development be contiguous and limited in scale. The C-2 districts should generally be restricte…
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
1,076.86 ac
Source
Chapter 21 ZONING
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peoria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$37,865,000
Current use
Blend value · Realmo final
$53.25M
Range $47.93M – $58.58M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$979 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$173,253
Tax year 2022
Assessed value
$2,558,796
Assessed 2024
Previous assessed
$2,074,221
+23.4% YoY
Effective rate
6.77%
On assessed value
Land market value
$6,813,500
Improvement market value
$8,694,352
Total market value
$15,507,852
Applied tax rate
111,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
54,398 SF
Lot
9.65 ac (420,157 SF)
Zoning code
C-2
APN
200-62-973
UPID
US07-3289832
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Peoria, AZZoning C-2 · permitted uses
C-2 · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Intermediate Commercial District (C-2). The C-2 District is intended to provide a shopping center for the sale of convenience goods and personal services. In order to prevent the establishment of undesirable "strip" commercial development, it is intended that each development be contiguous and limited in scale. The C-2 districts should generally be restricted to the intersection of major arterial streets while providing one-mile separation from other non- adjacent commercial districts. The regulations and development standards are designed to preserve adjacent residential amenities and to prohibit encroachment by more intensive commercial uses. F.
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
1,076.86 ac
Source
Chapter 21 ZONING
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$37.9M
RETAIL STORES Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
9.65 ac
Current owner
From public records · entity-resolved
Deerwood Retail Opportunities Az Ll
Individual
Mailing address
3720 S SUSAN ST STE #100, SANTA ANA, CA 92704-6957
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Deerwood Retail Opportunities Az Ll
—
Deed
related
$4,500,000 · Wells Fargo Bank NA
Apr 25, 2017
—
Deerwood Retail Opportunities Az Ll
Thundervilla Investors LLC
Special Warranty Deed
$7,500,000
Mar 13, 2008
$5,372,640
Thundervilla Investors LLC
Thundervilla Three LLC
Grant Deed
—
Mar 13, 2008
$977,760
Thundervilla Investors LLC
Thundervilla Chapman LLC
Grant Deed
—
Sep 13, 2006
$16,800,000
Thundervilla Investors LLC
Kb Thunderbird Investors LLC
Grant Deed
—
Sep 13, 2006
—
Thundervilla Investors LLC
Thundervilla Investors LLC
Quit Claim Deed
—
Apr 30, 2003
$12,000,000
Kb Thunderbird Investors LLC
Nwc 75th & Thunderbird Investo
Grant Deed
$1,000,000 · Canadian Imperial Bank Commerc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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